Greenwood bought a new vending machine for his business on 1 January 2009 at a cost
On 1st January 2009 at a cost of $8,000. He intends to write off depreciation of the machine at the end of each business year which is 31st December. He sold this vending machine on 31 December 2010 for $5000. Prepare:
(a) Machine account for the years 2009 and 2010
(b) the provision for depreciation of machinery account as it should appear for the years 2009 and 2010 using straight line methodat 10%
(c) Disposal account
